PMI hits pound in possible foretaste of summer

It’s certainly been an interesting week for sterling so far, with a swing of nearly 2% against the euro varying the price of a €250,000 property on your favourite continental hotspot by around £3,600, just since Monday morning. You can imagine what that kind of...


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USD: US recession is “not inevitable”

The dollar is still struggling against the euro and the pound as positive risk sentiment continues to weigh on the American currency. President Joe Biden has warned Americans that the battle against rising inflation is “going to be a haul” and that rising prices are...


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GBP: Markets await PMI data

The pound has weakened against the euro but is trading around a two-week high against the dollar this morning ahead of PMI figures. PMI figures – which indicate how the services and manufacturing industries are performing – are expected to decline in May. In other...


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